2008 RPF-1 Course:
Retirement Plan Fundamentals Part 1

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Chapter 5, Section 5.05[E] should read:

[E] Other Documents
Example 2-39, line 5
In addition to the plan document, there are other statements of policies, forms, notices, descriptions, and similar documentation that must be prepared to comply with ERISA, the Internal Revenue Code and related statutes. These include, but are not limited to, the following:

• Resolution authorizing company officers and/or directors to take all actions necessary to adopt the qualified retirement plan;
• Notice to Interested Parties of the establishment of the plan;
• Participant Loan Policy;
• Summary Plan Description (SPD); and
• Qualified Domestic Relations Order (QDRO) Policy.

Chapter 5, Review Question 9
Answer site reference currently reads: §1.04 [D]. It should read §5.04 [D].

Chapter 5, Review Question 10
Answer site reference currently reads: §1.04 [B]. It should read §5.04 [B].

Chapter 5, Review Question 11
Answer site reference currently reads: §1.05 [A]. It should read §5.05 [A].

Chapter 5, Review Question 12
Answer site reference currently reads: §1.07. It should read §5.07

Chapter 6, Example 6-4
Currently reads: Sue is age 20 when she begins working of XYZ Company on June 15, 2007.
It should Read: Sue is age 19 when she begins working of XYZ Company on June 15, 2007

Chapter 9, Section 9.13 Review Questions, Question 6 currently reads:

6.    All of the following are disclosures automatically provided to participants of defined contribution plans, EXCEPT:

1. Summary Annual Report
2. Participant Statements
3. Distribution Options Notice
4. Beneficiary Designation Form
5. Summary Plan Description

It should read:
RPF1, Chapter 9, Section 9.13 Review Questions, Question 6 currently reads:

6.    All of the following are disclosures automatically provided to participants of defined contribution plans, EXCEPT:

1. Summary Annual Report
2. Participant Statements
3. Distribution Options Notice
4. Plan and Trust Document
5. Summary Plan Description

RPF1, Chapter 9, Section 9.14 Answers, Answer 6 currently reads:

6.    The correct answer is B. §9.07

1. Incorrect. This statement is true because a summary annual report is automatically provided to participants.
2. Correct. This statement is false because participant statements need only be provided upon request, it is not automatic.
3. Incorrect. This statement is true because a notice of distribution options is automatically provided to participants.
4. Incorrect. This statement is true because a beneficiary designation form is automatically provided to participants.
5. Incorrect. This statement is true because a summary plan description is automatically provided to participants.

It should read:

6.    The correct answer is D. §9.07

1. Incorrect. This statement is true because a summary annual report is automatically provided to participants.
2. Incorrect. This statement is true because participant statements must be automatically provided to participants.
3. Incorrect. This statement is true because a notice of distribution options is automatically provided to participants.
4. Correct. This statement is false because the plan and trust need only be provided upon request, it is not automatic.
5. Incorrect. This statement is true because a summary plan description is automatically provided to participants.